ALL THE MONEY NEWS YOU NEED TO KNOW | | | | | | Daniel de Visé | Personal Finance Reporter
| | |
Good morning! It's Daniel de Visé with your Daily Money. |
President Donald Trump is urging everyone to keep their cool. But the rollercoaster tariff war is rattling nerves from coast to coast as Americans nervously watch their stock portfolios and 401(k) accounts yo-yo with the wild gyrations of financial markets. |
U.S. stock futures point to a lower open on Thursday, a day after a historic surge in response to Trump's 90-day pause on some of his most aggressive tariffs. |
Before markets opened, futures in the Dow, S&P 500 and Nasdaq were all down. |
"The current situation is not only chaotic," ING Economist Carsten Brzeski observed. "It's crazy." |
Tariff war now focuses on China |
As Trump rolled back tariffs around the world, he doubled down on China. Steep tariff hikes on Chinese imports went into effect Wednesday. China retaliated, announcing its own tariff on goods from the U.S. |
Trump has imposed a total tariff rate of 125% on Chinese imports. Anything China buys from the U.S. will be taxed at 84%, starting Thursday, Chinese officials announced Wednesday. |
📰 More stories you shouldn't miss 📰 |
Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you. |
Daniel de Visé covers personal finance for USA Today. | | | | President Donald Trump is pausing reciprocal tariffs but escalating the trade war with China. What it means for your wallet. | | | | U.S. stock futures point to a lower open on Thursday, a day after a historic surge on President Donald Trump's 90-day pause on some of his most aggressive tariffs. | | | | Chinese imports are being taxed at 104% and U.S. exports to China could face a 84% tariffs starting Thursday. The de minimus exemption is also ending. | | | | If you have an education savings account and a kid heading to college, you may be afraid to look at the balance. | | | | After President Trump's April 2 announcement of tariffs on most other countries, Amazon reportedly canceled some orders from products from China. | | | | Financial markets around the world soared Thursday amid hope the global trade war might be easing after President Trump's 90-day pause on tariffs. | | | | Even if you've been through a stock market downturn before, it can be very difficult to sit back and watch your portfolio value plunge day after day. | | | | Recessions and market declines go hand in hand. And when you're at a point in life when you're living off your 401(k) or IRA, that's a scary thing. | | | | The same group that organized the Feb. 28 one-day economic blackout has had several other protests, including boycotting Walmart from April 7 to 14. | | | | Our app gives you award-winning coverage, crosswords, audio storytelling, eNewspaper and more. | | | | | | | Sign up for the news you want | Exclusive newsletters are part of your subscription, don't miss out! We're always working to add benefits for subscribers like you. | | | | | | |
0 comments:
Post a Comment